Space
Finished area and layout
- Square Feet
- 3,500-5,000 sqft
- Bedrooms
- 10
- Bathrooms
- 5
+27 more
10
Bedrooms
5
Bathrooms
3,500-5,000 sqft
Square Feet
68 x 83.9 ft
Lot
6
Parking
Property Snapshot
Key details for this listing
MLS #X13246280
Property
Type, style and structure
- Type
- residential
- Style
- single family / Detached
- Ownership
- Freehold
- Basement
About This Property
This 10-bedroom, 5-bathroom single family in Peterborough offers 3,500-5,000 sqft of square feet on a 68 x 83.9 ft lot. 2 storeys. The property has lot dimensions of 68 x 83.9 FT. The home features laminate flooring, baseboard heaters, electric heating, none, a finished, full basement. Highlights include a 6-car garage.
MLS Remarks
**LICENSED STUDENT RENTAL INVESTMENT - 10 BEDROOMS + GARAGE INCOME** Excellent investment opportunity at 612 Romaine Street. This established Peterborough student rental features ** 10 rentable bedrooms, 5 bathrooms, additional garage income and a City of Peterborough Rental Dwelling Large licence currently in place. **Current rental income is **$6,600/month with only one bedroom vacant**. Leasing the vacant room at the anticipated $800/month would increase potential income to approximately **$7,400/month or $88,800 annually**, based on the existing rent structure. **INVESTMENT HIGHLIGHTS: *10 rentable bedrooms, *5 bathrooms, *Garage rental income, *$6,600/month current income, *Only 1 bedroom currently vacant, *$7,400/month potential at full occupancy, *$88,800 potential annual gross income, *City of Peterborough rental licence, *Professional property management in place, *Current student-rental insurance quote available, *Multiple parking spaces. At **$659,900**, this property offers an attractive opportunity for investors seeking established student housing or an addition to an existing rental portfolio. An established income-producing property with **10 bedroom revenue streams, additional garage income and immediate upside from filling the single vacancy. **All income, expenses, licensing and investment information should be independently verified by the purchaser. (id:60351)
Inclusions
5 Refrigerators, 1 Freezer, 1 Stove, 1 Hood Range, 1 Wall Oven, 1 Dishwasher, 1 Washer, 1 Dryer, 2 Wall Mount A/C Unit, 2 Floor Model A/C Units, Central Vacuum, 1 Pool Table, Books & Book Shelves, Hot Water Tank Owned, All Inclusions Are Being Sold As-Is-Where-Is Condition
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